A general ledger in accounting is a listing of all financial statements that shows postings of all debits and credits. Learn about how sub-ledgers are used on general ledgers to record invoices and cash payments with hints from a certified public account in this free video on accounting.
Expert: Shanis Windland
Bio: Shanis Windland has a Bachelors of Science degree in accounting from Central Washington University. She is a certified public accountant licensed in the state of Washington.
Filmmaker: Jay Windland
what is the difference between AP and Cash (you said that AP has cash payments also ..so is that not Cash ?
AIMANALI 1 month ago
@95jamesg Probably doesn't matter to you anymore, but, just so you know, to get rid of the subs, you press the CC button.
Thanks for the video :)
AllAngel5 8 months ago
Thank you for all the info, but I must tell the lady in this video that in 1987 there was a product released in the market called "Powerpoint". She should really look into it. The realm of business presentations hasn't been the same since then. Does that computer she has in the background not work? Does she still use rotary phones? Does she still pay with checks at the supermarket, and why is it that only women do that?
greenbeaverfilms 11 months ago
why does the stupid sub titles stay on the screen, i cant see what shes doing
95jamesg 1 year ago
@hurricane223 in a real general ledger, the expenses and revenues have their own account in the general ledger.
JustinHscooters 1 year ago
Because the wealthy man wouldn't be wealthy without his accountant
chickenfarmer51 2 years ago
expertvillage sucks
MetalBassjunkie420 2 years ago
bit short but nice, thanks.
jerste 2 years ago
You only post transactions in the ledger. A transaction is any event that will change your liabilities, assets, or OE account. Revenues and Expenses are not transactions, therefore you dont need to post them.
BigCarpFoxRiver 2 years ago
Why should a wealthy business man hire an accountant to keep track of his money? The accountant might steal!
cityblueboy1 2 years ago